Zimpler Appeals Swedish Order to End Partnerships with Illegal Gambling Sites
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Swedish payment provider Zimpler has appealed an order issued by Swedish gaming regulator, Spelinspektionen, demanding that it stop processing payments for unlicensed gambling operators.
The order was issued on July 7th following an investigation which revealed that the company’s BankID solution was being used by multiple unlicensed gaming companies. Since BankID is an e-identification service that is used exclusively in Sweden, the regulator determined that all websites providing the service are targeting the Swedish market.
As a result, Zimpler was warned that it must withdraw its services to illegal websites before July 31st 2023 or face a financial penalty of SEK 25 million (€2.1 million).
However, Zimpler has stated that it had already announced in May that it would cease working with unlicensed operators by the third quarter of 2023. The company feels that the regulator set out an unrealistic timeframe for ending its partnerships and has now launched a formal appeal against the decision.
Zimpler CEO Johan Strand said:
“Zimpler supports Spelinspektionen’s mission to strengthen the Swedish licensing system and consumer protection in the igaming market. We want to promote responsibility and compliance in the gaming industry and have for a long time invested in product development in this area.”
He added:
Ciaran McEneaney“The appeal is also a measure to ensure legal certainty in companies’ relations with the authorities. Companies must be able to plan and conduct their operations with predictable application of laws and regulations. It is a fundamental principle – both in Sweden and within the EU.”
Based in Galway, Ireland, Ciaran has over a decade of experience writing for some of the biggest names in the sports-betting, gambling, poker & casino industries.
